Anglo American (OTCMKTS:NGLOY) Hits New 1-Year Low – Here’s Why

by · The Cerbat Gem

Anglo American plc (OTCMKTS:NGLOY – Get Free Report) shares hit a new 52-week low on Friday . The stock traded as low as $11.49 and last traded at $11.61, with a volume of 288461 shares trading hands. The stock had previously closed at $13.04.

Analysts Set New Price Targets

A number of research firms recently commented on NGLOY. Citigroup cut shares of Anglo American from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 24th. Royal Bank of Canada upgraded Anglo American from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 18th. Clarkson Capital upgraded Anglo American to a “strong-buy” rating in a report on Friday, February 28th. Finally, Sanford C. Bernstein downgraded Anglo American from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Read Our Latest Report on NGLOY

Anglo American Stock Down 11.0 %

The company has a quick ratio of 1.33, a current ratio of 1.98 and a debt-to-equity ratio of 0.56. The firm has a fifty day moving average of $14.86 and a two-hundred day moving average of $15.13.

Anglo American Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, March 14th will be given a $0.11 dividend. The ex-dividend date of this dividend is Friday, March 14th.

About Anglo American

(Get Free Report)

Anglo American plc operates as a mining company in the United Kingdom and internationally. It explores for rough and polished diamonds, copper, platinum group metals and nickel, steelmaking coal, and iron ore; and nickel, polyhalite, and manganese ores. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.

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